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SCHERING-PLOUGH CORP
(SGP-NYSE):
Technical Viewpoint: From a low
of $49 5/8 on Oct 19, 2000 prices
rallied, reaching a
high of $54 3/8
on Oct 25, 2000. A
decline saw prices pull back, reaching a
low of
$49.69 on Nov 13, 2000.
Another rally saw prices penetrate
resistance, closing 11/20/00
at $53.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 15, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50 1/4. Resistance: Is at $54.00.
Point & Figure: Reversed to the upside on Nov 14, 2000. A P&F upside
reversal takes place at $51 3/4. Summary: Technical indicators have turned bullish. BUY! SCHERING-PLOUGH CORP
(SGP-NYSE) @ $54 1/4 Stop: Use a protective stop of $51 1/2.
SCHERING-PLOUGH CORP is currently trading @ $53.94 plus $1.94 on Nov 20, 2000. Price Objective:
$70 1/2. Risk/Reward: $2 3/4 VS. $16 1/4. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70 1/2
Risk/Reward:
$2 3/4 VS. $16 1/4
Risk/Reward Ratio:
6:1
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